Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h +0.154%
Price spread now: GMX against Paradex+0.002%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NG-USD-PERP3.00140.0073pay 0.0073% / 8h6h 15m$5K5x
ShortGMX NATGAS/USD [ETH-USDC]3.0015L +0.0422% / S −0.0359%get 0.0045% / 1h15m 58s$92K45x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$60
Price spread: +0.002% → 0.000%
$0.22
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee GMX: 6 bp × 2 orders
−$12
Net
$44.22
Costs to cover
0.160%
Break-even
1.8 days
Slippage unknown: Paradex: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell GMX no order-book sample
Paradex and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NATGAS on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NATGAS-USDT0.0000%4h3.0032+0.059%$2K$2.5M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010−0.014%$658K$86K20xas long as short
Hotstuff NATGAS-PERP+0.0024%1h3.0001−0.044%$35K20xas long as short
Lighter NATGAS+0.0032%1h3.0018+0.012%$618K$445K10xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.014%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0007−0.024%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9998−0.054%$82K$27K10xas long as short
Paradex NG-USD-PERPlong+0.0073%8h3.0014long leg$5K5x
Extended XNG-USD+0.0080%1h2.9998−0.055%$110K$449K5xas long as short
Pacifica NATGAS+0.0100%1h3.0004−0.034%$68K$33K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.048%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.048%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.019%$1.5M$95K10xas long as short
KuCoin NATGASUSDTM+0.0164%4h3.0010−0.014%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0232%4h3.0011−0.013%$265K$73K50xas long as short
HTX NATGAS-USDT+0.0269%4h3.0031+0.055%$98K$212K75xas long as short
OKX NG-USDT-SWAP+0.0356%8h3.0000−0.048%$860K$1.7M50xas long as short
Variational Omni NATGAS+0.0384%4h3.0009−0.016%$311K$444Kas long as short
GMX NATGAS/USD [ETH-USDC]shortL +0.0422% / S −0.0359%1h3.0015+0.002%$92K45x
GRVT NATGAS_USDT_Perp+0.0426%4h3.0018+0.012%$12K$214K25xas long as short
Gate NG_USDT+0.0434%8h3.0040+0.085%$1.5M$219K100xas long as short
edgeX NATGASUSDC+0.0436%4h3.0009−0.016%$85K$213K20xas long as short
Binance NATGASUSDT+0.0440%4h3.0016+0.006%$10.2M$29.1M100xas long as short
Bitget NATGASUSDT+0.0696%4h2.9980−0.114%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0028+0.044%$53K$38K20xas long as short